A unique identification code or label affixed to physical assets, such as equipment, machinery, or tools.
The entire span of time during which an asset is acquired, operated, maintained, and eventually disposed of or decommissioned.
The holistic management of an asset from the initial planning and acquisition to disposal, including maintenance throughout its lifespan.
The systematic process of developing, operating, maintaining, and disposing of assets cost-effectively.
Empowering frontline operators to perform routine maintenance tasks to enhance equipment reliability and reduce downtime.
A metric that measures the percentage of time an asset is available for use without any unplanned downtime.
A list of all materials, components, and spare parts required for a particular maintenance task.
A maintenance strategy where equipment is repaired only after it has failed.
Developing strategies and procedures to ensure maintenance operations can continue in the event of disruptions or disasters.
CAFM stands for Computer Aided Facilities Management software, it helps optimize the management of various aspects of physical facilities
Software used to manage maintenance operations, including work orders, scheduling, and asset tracking.
A maintenance strategy where equipment is repaired or restored to its working condition after a failure or when it is not performing as expected.
The period when equipment or machinery is not operational due to maintenance, repairs, or failures.
Hard Facility Management (Hard FM) encompasses the physical and structural aspects of facility management.
Internet of Things sensors are devices that collect data from the physical world and transmit it over the internet for monitoring and analysis.
A skilled worker responsible for performing maintenance tasks, repairs, and troubleshooting on equipment and machinery.
A measure of equipment reliability, calculated as the average time between failures.
A key performance indicator that measures the efficiency and performance of equipment or a production process.
Maintenance based on data analysis and equipment condition monitoring to predict when maintenance is needed.
Planned maintenance activities performed at regular intervals to prevent equipment breakdowns.
A method for identifying the underlying causes of problems or failures in maintenance processes.
Soft Facility Management (Soft FM) focuses on the people and organizational aspects of facility management.
A comprehensive approach to maintenance that involves all employees in improving equipment reliability and performance.
A formal document that specifies details of a maintenance task, including the scope, materials, and labor required.
